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Updated over 3 years ago on . Most recent reply
Wholesaling Real Estate Laws In Michigan
So I am exploring wholesaling and was told that I could not sell more than 5 houses in the course of one year in the state of michigan without a license. Now I am very confused, as I know people that have been wholesaling in Michigan for 10 years or more and they are wholesaling over a 100 houses a year. What is everyones thoughts on this?
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Drew Sygit
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Drew Sygit
#2 Managing Your Property Contributor
Property Manager
Agent
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#2 Managing Your Property Contributor
- Property Manager
- Royal Oak, MI
We know several wholesalers in Michigan that have the real estate brokers license, so they are not violating the law.
Regarding selling contracts, believe Michigan has closed that loophole.
Of course, also know many wholesalers that are not properly licensed, that haven't been caught yet.
- Drew Sygit
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